Fitch Ratings on Friday maintained Austria's coveted 'AAA' rating with 'stable' outlook despite seeing the one-off adjustments to gross general government debt related to financial sector support.
The rating agency expects Austria's relatively favorable public debt dynamics, including stronger growth and low fiscal deficits to remain intact.
Further, it forecasts the general government debt ratio to peak close to 80 percent in 2014/2015 from a little over 74 percent in 2013. Moreover, bank costs for the sovereign will be limited, Fitch said.
However, it said that the restructuring of Hypo Alpe Adria, a nationalized bank, will likely cause gross general government debt to rise more than previously expected.
The 'stable' outlook indicates that Fitch's sensitivity analysis does not currently anticipate developments with a high likelihood of leading to a rating change.
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